Common use of Account or Annuity Clause in Contracts

Account or Annuity. The Employer in its Adoption Agreement may elect to establish Accounts to receive Designated IRA Contributions either as individual retirement accounts, as individual retirement annuities or as consisting of either type, at the Participant's election.

Appears in 2 contracts

Samples: 401(k) Profit Sharing Plan (Nci Building Systems Inc), Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)

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Account or Annuity. The Employer in its Adoption Agreement may elect to establish Accounts to receive Designated IRA XXX Contributions either as individual retirement accounts, as individual retirement annuities or as consisting of either type, at the Participant's election.

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc)

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Account or Annuity. The Employer in its Adoption Agreement may elect to establish Accounts to receive Designated IRA XXX Contributions either as individual retirement accounts, as individual retirement annuities or as consisting of either type, at the Participant's ’s election.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Knowles Corp)

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